News

  Dubai / WAM The Dubai Future Foundation is set to collaborate with Haykal Media to launch the Arabic edition of Popular Science magazine, a world-renowned monthly scientific publication founded in 1872. Mohammed Abdullah Al Gergawi, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation, said, “Building the future requires a concerted effort from everyone, ...

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry has finalised preparations for its trade mission to Latin America, which will take place from April, 15-22 and cover Brazil, Paraguay and Argentina. The Chamber will lead a high-level delegation of UAE businessmen, investors, and officials, who will represent a wide range of sectors, including trade, retail, free ...

  Dubai / Emirates Business Iron Mountain Incorporated acquired a controlling stake in Endless Document Storage Services LLC. The acquisition is in line with Iron Mountain’s strategy to expand its presence in fast-growing international markets by investing in well-established local or regional businesses that can provide similar services and have a similar business ethos. The move into the Middle East ...

  Dubai / WAM Manufacturers of Arabic perfumes, essential oils, bukhoor and other fragrances from across the GCC will have a unique global platform to showcase their talents by producing scents for Expo 2020 Dubai. The Expo on Sunday launched its search for producers of fragrances, from international brands to small, artisan producers in the Gulf, which could be offered to ...

  Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) Sharjah Antiquities Authority, Sharjah Institute for Heritage and Sharjah Museums Department have met to discuss ways to organise and protect cultural heritage in Sharjah. The meeting was held at Shurooq’s main office in Al Qasba, in the presence of Marwan bin Jassim Al Sarkal, CEO of Shurooq, Manal Ataya, Director-General of ...

  Abu Dhabi / WAM The official holiday marking Israa and Miraj will be on Saturday, April 22, for all workers in private sector enterprises, institutions and companies in the country where Friday is the only weekly day off, while Sunday April 23 will be the official holiday marking the Islamic occasion for those who have Fridays and Saturdays as their ...

  Dubai / WAM Dubai Land Department (DLD) put its slogan – ‘Moving Towards a Successful Career’ – into action on the second day of its participation in the 17th edition of the ‘Careers UAE 2017’ fair, by providing free real estate scholarships for UAE nationals as well as a number of vacancies and training courses for young job seekers. In ...

  Bloomberg The largest disruption to Australian metallurgical coal exports in six years has caused a record surge in spot prices after flooding from cyclone Debbie swamped rail tracks and cut deliveries to ports. Hard coking coal jumped 86 percent to $283.10 a metric ton this week, the biggest gain in data going back four years, according to The Steel ...

  Bloomberg Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with knowledge of the matter said. National Iranian Oil Co. will cut the credit period on crude oil sales to 60 days from 90 days for ...

  Bloomberg The scent of doom is returning to China’s local government bond market. S&P Global Ratings pulled the trigger on the first ever downgrade of a Chinese local-government financing vehicle, citing the city in eastern Jiangsu province’s high debt burden. Traders and analysts are uneasy as well, with 18 of 29 polled in a Bloomberg News survey saying they’d ...